AvalonBay Communities (NYSE:AVB) Price Target Raised to $195.00

AvalonBay Communities (NYSE:AVBGet Free Report) had its price target boosted by equities researchers at Piper Sandler from $183.00 to $195.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price target suggests a potential upside of 5.35% from the stock’s previous close.

AVB has been the subject of several other reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $203.00 target price (down from $208.00) on shares of AvalonBay Communities in a research report on Thursday, March 26th. Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a research note on Wednesday, April 8th. Truist Financial lowered their target price on AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. Scotiabank lowered their target price on AvalonBay Communities from $190.00 to $187.00 and set a “sector perform” rating for the company in a research note on Thursday, May 14th. Finally, Wells Fargo & Company lowered their target price on AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities presently has a consensus rating of “Hold” and a consensus target price of $197.73.

View Our Latest Stock Report on AvalonBay Communities

AvalonBay Communities Price Performance

AVB stock opened at $185.09 on Friday. AvalonBay Communities has a 52-week low of $160.10 and a 52-week high of $209.86. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $175.02 and a two-hundred day moving average of $177.06. The stock has a market cap of $25.75 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 2.75 and a beta of 0.79.

AvalonBay Communities (NYSE:AVBGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.47). AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. The firm had revenue of $770.28 million during the quarter, compared to analyst estimates of $768.80 million. During the same period in the previous year, the firm posted $2.83 earnings per share. As a group, research analysts anticipate that AvalonBay Communities will post 11.3 earnings per share for the current year.

Institutional Investors Weigh In On AvalonBay Communities

Several institutional investors have recently added to or reduced their stakes in the business. Reflection Asset Management acquired a new stake in shares of AvalonBay Communities in the 4th quarter valued at about $25,000. Clearstead Trust LLC boosted its position in shares of AvalonBay Communities by 56.0% in the 1st quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 56 shares during the period. Zions Bancorporation National Association UT boosted its position in shares of AvalonBay Communities by 300.0% in the 4th quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 120 shares during the period. BOKF NA acquired a new stake in shares of AvalonBay Communities in the 3rd quarter valued at about $31,000. Finally, AlphaQuest LLC acquired a new stake in shares of AvalonBay Communities in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.

About AvalonBay Communities

(Get Free Report)

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.

Recommended Stories

Analyst Recommendations for AvalonBay Communities (NYSE:AVB)

Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter.